Verde Magnesium Advances Romania Project to Become Europe's First Primary Producer in 25 Years

【SMM Magnesium News】On June 10, Ningbo Dexin Technology became a joint producer of the "2026 National Magnesium Industry Chain Map." The company specializes in the R&D of magnesium-aluminum alloy materials and the production of die-cast parts, equipped with 15 semi-solid press-molding machines ranging from 350T to 3200T. Its products span automotive, robotics, aerospace, and other sectors. As the comprehensive map of the magnesium industry chain continues to improve, industry resource integration and supply-demand matching efficiency are expected to further enhance.

【SMM Magnesium Brief】Recently, Chenzhi (Chongqing) Lightweight Technology Co., Ltd. and Avatr Technology (Chongqing) Co., Ltd. signed the "Magnesium Alloy Product Joint Development Agreement" in Chongqing, focusing on collaborative R&D for eight magnesium alloy products, including CCB and tailgate. Chenzhi Lightweight is equipped with 5,000-ton semi-solid die-casting equipment and possesses core technological advantages in semi-solid magnesium alloy forming and integrated die-casting. Currently, the jointly developed magnesium alloy tailgate has successfully completed production, achieving phased results. Moving forward, the two parties will prioritize joint research on core structural components such as magnesium alloy CCB and rear floor panels, driving the mass production of more high-performance magnesium alloy parts. As collaboration deepens, the application of magnesium alloy in key structural components for new energy vehicles is expected to accelerate, with the production penetration rate of semi-solid forming and integrated die-casting technologies likely to further increase.

[SMM Magnesium Market Analysis: Cost Support Struggles Against Weak Demand, Magnesium Market Consolidates at Lows in the Short Term, Upcoming Maintenance May Provide Periodic Price Support] In May 2026, magnesium prices moved sideways within a price range of 16,300-16,700 yuan/mt.